$20.00 Security Deposit - This program is ideal for those customers who require minimal up-front costs. With this program, the customer simply pays the $20.00 as a Security Deposit and payments are calculated using the determined factor.
7 x $100 - With this program, the customer pays a $100.00 security deposit and has their first seven monthly payments at $100.00 each. The remaining 29, 41, or 53 payments are at the determined rate factor.
6 x $99 - With this program, the customer makes two payments as a security deposit totaling $198.00. The first six monthly payments are fixed at $99.00 each followed by 30, 42, or 54 payments at the determined rate factor.
60 Day Deferred - The customer pays the standard security deposit (First two payments) with documentation and then is not invoiced until 60 days after funding. Since First Star Capital bills in arrears, this is actually a 90 day deferred payment plan.
90 Day Deferred - The 90 day deferral plan is extremely helpful for those customers acquiring equipment that does not generate income during the first 90 days of implementation. With this program, First Star Capital has minimal contact payments of $25.00 for each of the first three months followed by the normal term at the determined rate factor. Since First Star Capital bills in arrears, this is actually a 120 day deferred payment plan. |
